Wednesday, April 13, 2005

Merchant Fees on the Rise

Looks like the friendly folks at Visa and Mastercard are set to inflate the rates they charge merchants ("interchange fees") when customers use premium and/or perk credit cards: "Merchants Balk At Credit-Card Fees "

No wonder Visa, Mastercard, and all the banks have been furiously advertising their premium cards. Seems like every internet page I visit has an ad for Visa's new Stupendous SkyHigh Airline Miles Gold Card, or Mastercard's Hyper-Dividend Platinum Smorgasboard Plus Extreme.

Makes sense now, doesn't it?

— Posted by Michael @ 12:15 PM

** Comments Closed on this Post **

Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]


Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]